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Financial stability
Guarantee of our business is the financial stability based on real financial actives. Our own insurance reserves and the serious reinsurance protection presented by reliable Russian and foreign Reinsurers, allow us to make timely payments of insurance indemnities in any volumes. Among our Reinsurers is a well-known Lloyd's of London.
Basic directions of our financial policy are:
- an improvement of quality of our assets and reserves and placing them only in high liquid and reliable financial instruments;
- widening of insurance coverage for the Clients through diversification and growth of the investment portfolio market value.
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Financial indices
Guarantee of reliability of «Loid-City» Insurance Company is financial stability of the Company which is always determined by its solvency.
Our own insurance reserves and the serious reinsurance protection presented by reliable Russian and foreign Reinsurers, allow us to make timely payments of insurance indemnities in any volumes.
Reliability of reinsurance is achieved by the careful selection of reinsurers who provide adequate protection of the insurance portfolio and to the financial position of the Company.
Changes of share in the insurance portfolio
For the period from 2007 to the first half 2009 share of property insurance in portfolio of «Loid-City» grew from 16% to 28%. Growth of property insurance in the portfolio was a result of the active development of this type of insurance in the Company.
Insurance premiums and insurance indemnities in 2006-2008
In spite of the financial crisis in the world economy in 2008, general market tendency, reigning financial confusion, policy of strict economy in companies, losses in insurance premiums collected by «Loid-City» are minimal.
Insurance premiums and insurance indemnities
in the 1st half year of 2008 and in the 1st half year of 2009
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